Last $7.94 USD
Change Today -0.25 / -3.05%
Volume 1.4M
MWA On Other Exchanges
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mueller water products inc-a (MWA) Snapshot

Open
$8.19
Previous Close
$8.19
Day High
$8.22
Day Low
$7.82
52 Week High
03/4/14 - $10.04
52 Week Low
07/30/13 - $7.18
Market Cap
1.3B
Average Volume 10 Days
995.7K
EPS TTM
$0.28
Shares Outstanding
159.3M
EX-Date
08/7/14
P/E TM
28.4x
Dividend
$0.07
Dividend Yield
0.88%
Current Stock Chart for MUELLER WATER PRODUCTS INC-A (MWA)

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mueller water products inc-a (MWA) Details

Mueller Water Products, Inc. manufactures and markets products and services used in the transmission, distribution, and measurement of water primarily in the United States and Canada. The company operates through two segments, Mueller Co. and Anvil. The Mueller Co. segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, plug, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks; small valves, meter bars, and line stopper fittings for use in gas systems; machines and tools for tapping, drilling, extracting, installing, and stopping-off; and municipal castings comprising manhole covers and street drain grates. It also provides residential and commercial metering products and systems; and leak detection and pipe condition assessment products and services. This segment sells its products primarily through waterworks distributors to various end user customers, including municipalities, water and wastewater utilities, gas utilities, and fire protection and construction contractors. The Anvil segment offers a range of products, including various fittings, couplings, hangers, valves, and related piping component system products for use in non-residential construction for fire protection, industrial, energy, and oil and gas applications. This segment sells its products principally through distributors to various end users, including commercial contractors. Mueller Water Products, Inc. is headquartered in Atlanta, Georgia.

4,100 Employees
Last Reported Date: 11/22/13

mueller water products inc-a (MWA) Top Compensated Officers

Executive Chairman, Chief Executive Officer, ...
Total Annual Compensation: $875.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $369.1K
President of Mueller Company segment
Total Annual Compensation: $398.2K
President of Anvil International Segment
Total Annual Compensation: $389.8K
Chief Compliance Officer, Senior Vice Preside...
Total Annual Compensation: $381.5K
Compensation as of Fiscal Year 2013.

mueller water products inc-a (MWA) Key Developments

Mueller Water Products Announces Quarterly Dividend, Payable on or About August 20, 2014

Mueller Water Products, Inc. announced that its Board of Directors declared a quarterly dividend of 1.75 cents ($0.0175) per share, payable on or about August 20, 2014 to stockholders of record as of the close of business on August 11, 2014.

Mueller Water To Use Cash For Acquisitions

Mueller Water Products, Inc. (NYSE:MWA) plans to use cash for debt reduction, acquisitions, dividends, growth opportunities.

Mueller Water Products, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2014; Provides Earnings Guidance for the Third Quarter and Full Year 2014

Mueller Water Products, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2014. For the quarter, the company reported operating income of $25.3 million, income before income taxes of $12.8 million, income from continuing operations of $9.7 million or $0.06 diluted per share, net income of $9.7 million or $0.06 diluted per share on net sales of $288.1 million against operating income of $24.3 million, income before income taxes of $10.1 million, income from continuing operations of $7.6 million or $0.05 diluted per share, net income of $6.2 million or $0.04 diluted per share on net sales of $283.1 million for the same period a year ago. Adjusted operating income was $28.0 million, adjusted EBITDA was $41.8 million against adjusted operating income was $24.7 million, adjusted EBITDA was $39.7 million for the same period a year ago. Adjusted net income was $11.4 million or $0.07 per share against adjusted net income of $7.3 million or $0.05 per share for the same period a year ago. Net sales for the 2014 second quarter increased due primarily to higher prices and higher shipment volumes. For the six months, the company reported operating income of $39.3 million, income before income taxes of $14.2 million, income from continuing operations of $10.8 million or $0.07 diluted per share, net income of $10.8 million or $0.07 diluted per share on net sales of $545.5 million against operating income of $31.2 million, income before income taxes of $3.5 million, income from continuing operations of $2.6 million or $0.01 diluted per share, net income of $13.2 million or $0.08 diluted per share on net sales of $528.2 million for the same period a year ago. Net cash provided by operating activities of $7.6 million against net cash used in operating activities of $3.6 million for the same period a year ago. Capital expenditures was $18.3 million against $14.9 million for the same period a year ago. Adjusted operating income was $42.1 million, adjusted EBITDA was $70.6 million against adjusted operating income was $32.3 million, adjusted EBITDA was $62.1 million for the same period a year ago. Adjusted net income was $12.5 million or $0.08 per share against adjusted net income of $3.5 million or $0.02 per share for the same period a year ago. For the 2014 third quarter, the company believe some of the growth in Mueller Co. core products will be offset by lower sales at Pratt in the third quarter year-over-year. For metering systems, the company expects to see year-over-year net sales growth in the mid-single digits based on the timing of backlog and expected order activity. Considering all these factors, the company expects Mueller Co.'s net sales to increase in the low-double digits in the third quarter. The company expects both Mueller Co.'s adjusted operating income to improve and adjusted operating margin to expand significantly in the third quarter year-over-year. This improvement will primarily driven by the increase in shipments expected from core products, as well as continued improvement in metering systems and leak detection business. Pratt sales are expected to decline year-over-year, operating income is expected to be essentially flat as margins are expected to continue to improve in that business. Anvil's third quarter net sales will be up low-single digits year-over-year, driven primarily by improvement in its addressed oil & gas market. The company expects Anvil's adjusted operating income to decline year-over-year and to be essentially flat sequentially. For Mueller Water Products as a whole, the company believe 2014 third quarter net sales will increase in the high-single digits year-over-year, driven by performance at Mueller Co. The company expects solid increases in 2014 third quarter adjusted operating income, as well as expansion in adjusted operating margin year-over-year. For full year 2014, for the Mueller Co. base business, which excludes metering and leak detection products and services, the company expects the year-over-year net sales growth rate to be in the high-single digits. The company expects to continue to see nice growth in 2014 but expect the growth rate to be less than half the 2013 rate based on the delivery schedule of current backlog and anticipated timing of new projects. In total, outlook for 2014 net sales growth for Mueller Co. remains substantially the same, with the exception that the growth in metering business will be slightly less than 20%. The rate of growth in net sales in 2014 for Mueller Co. is expected to be in the low double digits but could be slightly less than last year based on performance to date. The company expects Mueller Co.'s adjusted operating income and adjusted operating margin to improve over 2013. The company believe metering and leak detection products and services will be profitable for 2014. For Anvil, year-over-year net sales are expected to grow in the low- to mid-single digit rate based on current expectation of increased demand in oil & gas and nonresidential construction end markets in the second half of the year. Adjusted operating income and adjusted operating margin are expected to contract, primarily as a result of the costs associated with the operational issues. Depreciation and amortization is expected to be $57 million to $59 million and interest expense is expected to be about $50 million based on current debt outstanding, adjusted effective income tax rate is expected to be 36% to 39%, capital expenditures are expected to be $34 million to $36 million. For 2014, the company continue to expects free cash flow to be stronger than in 2013, driven primarily by better operating results. Additionally, the company expects cash income taxes to be minimal in 2014.

 

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MWA

Industry Average

Valuation MWA Industry Range
Price/Earnings 30.3x
Price/Sales 1.1x
Price/Book 4.0x
Price/Cash Flow 34.0x
TEV/Sales 0.5x
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